Confluence Investment Management Has Raised By $2.18 Million Its Praxair (PX) Holding; Universal Insurance Holdings (UVE) Has 1.01 Sentiment

May 18, 2018 - By Danny Collins

Praxair, Inc. (NYSE:PX) Logo

Universal Insurance Holdings Inc (UVE) investors sentiment decreased to 1.01 in Q4 2017. It’s down -0.40, from 1.41 in 2017Q3. The ratio dropped, as 71 investment professionals increased and opened new equity positions, while 70 cut down and sold their holdings in Universal Insurance Holdings Inc. The investment professionals in our database now have: 25.50 million shares, down from 26.48 million shares in 2017Q3. Also, the number of investment professionals holding Universal Insurance Holdings Inc in top ten equity positions was flat from 1 to 1 for the same number . Sold All: 11 Reduced: 59 Increased: 37 New Position: 34.

Confluence Investment Management Llc increased Praxair Inc. (PX) stake by 1.93% reported in 2017Q4 SEC filing. Confluence Investment Management Llc acquired 14,177 shares as Praxair Inc. (PX)’s stock declined 6.32%. The Confluence Investment Management Llc holds 747,005 shares with $115.55M value, up from 732,828 last quarter. Praxair Inc. now has $45.94 billion valuation. The stock increased 0.54% or $0.86 during the last trading session, reaching $159.86. About 1.52M shares traded or 6.96% up from the average. Praxair, Inc. (NYSE:PX) has risen 22.24% since May 18, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

Another recent and important Universal Insurance Holdings, Inc. (NYSE:UVE) news was published by Streetinsider.com which published an article titled: “Universal Insurance (UVE) Tops Q1 EPS by 21c” on April 24, 2018.

The stock increased 0.57% or $0.2 during the last trading session, reaching $35.35. About 352,364 shares traded or 57.67% up from the average. Universal Insurance Holdings, Inc. (UVE) has risen 33.64% since May 18, 2017 and is uptrending. It has outperformed by 22.09% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $3.75 million activity.

Universal Insurance Holdings, Inc., through its subsidiaries, provides various property and casualty insurance products in the United States. The company has market cap of $1.24 billion. The firm primarily underwrites homeownersÂ’ insurance products; and offers reinsurance intermediary services. It has a 11.82 P/E ratio. It offers its products through a network of independent agents.

Capital Returns Management Llc holds 6.68% of its portfolio in Universal Insurance Holdings, Inc. for 785,970 shares. Mountain Lake Investment Management Llc owns 227,500 shares or 2.23% of their US portfolio. Moreover, Matarin Capital Management Llc has 0.58% invested in the company for 273,393 shares. The Mississippi-based Hancock Holding Co has invested 0.47% in the stock. Ativo Capital Management Llc, a Illinois-based fund reported 52,708 shares.

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 54 analyst reports since August 12, 2015 according to SRatingsIntel. On Tuesday, December 19 the stock rating was maintained by SunTrust with “Buy”. The rating was maintained by KeyBanc Capital Markets on Friday, September 1 with “Hold”. The rating was initiated by Morgan Stanley with “Equal-Weight” on Tuesday, September 13. The stock has “Neutral” rating by UBS on Wednesday, November 18. On Monday, November 13 the stock rating was upgraded by Argus Research to “Buy”. Credit Suisse reinitiated the shares of PX in report on Thursday, March 24 with “Neutral” rating. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, March 27. The stock of Praxair, Inc. (NYSE:PX) earned “Underperform” rating by CLSA on Thursday, December 22. Deutsche Bank maintained Praxair, Inc. (NYSE:PX) on Friday, June 2 with “Hold” rating. The firm earned “Buy” rating on Tuesday, November 7 by Susquehanna.

Confluence Investment Management Llc decreased Russell 2000 Value Index (IWN) stake by 16,281 shares to 3,977 valued at $500,000 in 2017Q4. It also reduced Compagnie Financiere Richemont (CFRUY) stake by 240,706 shares and now owns 7.95 million shares. S&P Smallcap 600 Growth Index (IJT) was reduced too.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.02, from 1.08 in 2017Q3. It fall, as 42 investors sold PX shares while 295 reduced holdings. 104 funds opened positions while 254 raised stakes. 233.99 million shares or 0.58% less from 235.36 million shares in 2017Q3 were reported. Jefferies Gru Ltd Co has invested 0% in Praxair, Inc. (NYSE:PX). Stanley holds 4,777 shares or 0.16% of its portfolio. Smithfield reported 0.16% in Praxair, Inc. (NYSE:PX). Prudential Public Ltd Co stated it has 1,499 shares. 467 are held by Cornerstone. Oregon Pub Employees Retirement Fund has invested 0.07% in Praxair, Inc. (NYSE:PX). Quantbot Technologies LP has 9,629 shares for 0.14% of their portfolio. 24,804 are owned by Hartline Corporation. Mitsubishi Ufj And Banking holds 0.17% or 625,100 shares. Old Mutual Global Invsts (Uk) holds 40,988 shares. Violich Mngmt Inc holds 1,757 shares or 0.07% of its portfolio. Sumitomo Mitsui Asset Mgmt Limited invested 0.05% in Praxair, Inc. (NYSE:PX). Shell Asset Mgmt reported 0.13% stake. Tiverton Asset reported 56,390 shares. New York-based Tompkins Fincl has invested 0.01% in Praxair, Inc. (NYSE:PX).

More recent Praxair, Inc. (NYSE:PX) news were published by: Seekingalpha.com which released: “Praxair Floats To The Top” on April 19, 2018. Also Seekingalpha.com published the news titled: “Praxair, Inc. 2018 Q1 – Results – Earnings Call Slides” on April 26, 2018. Businesswire.com‘s news article titled: “Praxair Named One of America’s Best Employers by Forbes for the Fourth Straight Year” with publication date: May 15, 2018 was also an interesting one.

Universal Insurance Holdings, Inc. (NYSE:UVE) Institutional Positions Chart